Forgive me if this question is silly but I am wet behind the ears as FTB of a garden flat in Canonbury. Do I pick up the keys to the house on the completion date from my solicitor? If so, I will instruct a High Street conveyancing solicitor in Canonbury?
There is no need to visit the lawyers office on the day of completion. Your solicitors will arrange to send the completion advance to the vendor’s solicitors, and once they have received this, you will be able to pick up the keys from the selling Agents and start moving into the property. Usually this happens early afternoon.
We are purchasing a 3 bedroom semi in Canonbury. Our aim is to carry out an extension to the side at the house.Will the conveyancing process involve investigations to see if these alterations are permitted?
Your conveyancer will review the registered title as conveyancing in Canonbury will on occasion reveal restrictions in the title documents which prohibit categories of alterations or need the consent of a 3rd party. Certain extensions need local authority planning permissions and approval in accordance building regulations. Certain locations are designated conservation areas and special planning restrictions apply which frequently prevent or affect extensions. It would be sensible to check these things with a surveyor prior to committing yourself to a purchase.
We were going to get a AIP from Nationwide this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Nationwide recommend any Canonbury solicitors on the Nationwide conveyancing panel, or is it better to go independently?
You will need to appoint Canonbury solicitors independently although you'll need to choose one on the Nationwide conveyancing panel. The solicitor represents both you and Nationwide through the process.
I have todayfound out that Arc property Solicitors have been shut down. They carried out my conveyancing in Canonbury for a purchase of a freehold house 10 months ago. How can I establish that my home is not still registered in the name of the former proprietor?
The easiest method to see if the property is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Canonbury conveyancing specialists.
I am looking for a flat up to £235,500 and identified one round the corner in Canonbury I like with amenity areas and railway links nearby, the downside is that it's only got 49 years unexpired on the lease. I can't really find anything else in Canonbury for this price, so just wondered if I would be making a grave error buying a lease with such few years left?
If you need a home loan the shortness of the lease will be a potential deal breaker. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the existing owner has owned the property for a minimum of twenty four months you may ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should consult your conveyancing lawyer about this matter.
What does commercial conveyancing in Canonbury cover?
Canonbury conveyancing for business premises incorporates a wide array of services, given by qualified solicitors, relating to business property. By way of example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the transfer of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of leases.
Should I appoint a Canonbury conveyancing lawyer based in the area that I am hoping to buy? I have an old university friend who can deal with the legal work however his firm is located a couple of hundredkilometers away.
The primary upside of using a local Canonbury conveyancing practice is that you can visit the firm to sign paperwork, hand in your ID and pester them if necessary. They will also have local insight which is a plus. That being said it's more important to get someone that will pull out all the stops for you. If you know people who used your friend and in the main were impressed that must outweigh using an unknown Canonbury conveyancing solicitor just because they are local.
I am looking at a couple of apartments in Canonbury both have in the region of 50 years left on the lease term. Do I need to be concerned?
A lease is a legal document that entitles you to use the premises for a prescribed time frame. As a lease gets shorter the value of the lease reduces and results in it becoming more expensive to extend the lease. For this reason it is advisable to extend the lease term. More often than not it is difficulties arise selling premises with a short lease because mortgage lenders may be reluctant to lend money on such properties. Lease enfranchisement can be a difficult process. We advise that you seek professional help from a conveyancer and surveyor with experience in this field.
I have tried to negotiate informally with with my landlord to extend my lease without any joy. Can the Leasehold Valuation Tribunal adjudicate on such matters? Can you recommend a Canonbury conveyancing firm to help?
Absolutely. We can put you in touch with a Canonbury conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Canonbury property is 5C Stoke Newington Road in April 2010. the Tribunal therefore concludes that the premium to be paid for the extended lease is £700.00 This case affected 1 flat. The unexpired term as at the valuation date was 80.5 years.